Weekly Review(12.7-12.11)

  • Tuesday, December 15, 2020
  • Source:ferro-alloys.com

  • Keywords:Weekly Review
[Fellow]Weekly Review

Weekly Review

 (12.7-12.11)

Ferro-alloys.com

【Factory】:This week the silicomanganese market is still weak but stable

At present, the silico-manganese alloy futures market has increased sharply compared with the previous situation (this week, the silico-manganese 2101 contract surged and fell, the highest was 6766 points, the lowest was 6492 points, and it closed at 6508 points, a decrease of nearly 1%), in recent days The performance of futures was relatively ordinary and the callback was obvious. Today, the highest reached 6564 points, the lowest was 6314 points, and closed at 6316 points, a decrease of about 0.6%. There was a difference of 494 points between the highest and lowest points during the week.

In terms of spot, the price of a large-scale steel group in North China for the bidding of silico-manganese alloy in December was finalized at 6,350 yuan/ton. The overall direction is clear for this, and the market inquiries and purchases are relatively active. In addition, under the influence of multiple factors such as the relatively general acceptance of high prices in the market, the recent silico-manganese alloy market has begun to return to rationality, and the quotations of some companies have been adjusted. Compared with the 200-300 yuan quotations of the previous few days, the quotations have risen slightly, and they have slightly corrected.Although pallets have performed poorly in recent days and spot prices have been adjusted, supply and demand determine prices. Spot supplies in enterprises are still tight, news of production restrictions in Ningxia continues to ferment, costs have increased, and the tender situation has been introduced. In many cases, most factories are now willing to uphold prices, and the sentiment of lowering prices and selling goods is not high.

In terms of manganese ore, due to the long-term cost upside down, miners are not motivated to further cut prices and sell goods, and most of them are willing to pay more. However, the acceptance of high-priced goods is quite ordinary, and the port inventory remains high. The rise and fall of current manganese ore prices are difficult. The state is slightly stalemate. Compared with the previous callback of about 0.5 yuan, the overall operation is stable.

As of this Friday, Si-Manganese 6517# in Inner Mongolia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Ningxia is quoted at 6100-6200 yuan/ton, Si-Manganese 6517# in Guangxi is quoted at 6100-6200 yuan/ton, and Si-Manganese 6517# in Chongqing is quoted at 6100-6200 yuan/ton, and the price trend this week is shown in the figure:

1、Price Quotation(Silicon Manganese)

Date

Inner Mongolia

Ningxia

Guizhou

Guangxi

Chongqing

Dec.7th

6000-6100

5900-6000

6000-6100

6000-6100

6100-6200

Dec.8th

6000-6100

5900-6000

6000-6100

6000-6100

6100-6200

Dec.9th

6200-6300

6200-6300

6200-6300

6200-6300

6200-6300

Dec.10th

6200-6300

6200-6300

6200-6300

6200-6300

6200-6300

Dec.11th

6100-6200

6100-6200

6100-6200

6100-6200

6100-6200

【Steel Mills】

bid price of representative steel mills in December

steel mills

price

quantity

HBIS

6350

24400

NISCO

6280/6300

9000

XISC

6310

8000

Shagang Group

6350

12000

Hegang Group’s bidding price in December for silico-manganese 6517 was finally finalized at 6,350 yuan/ton, an increase of 70 yuan/ton from the second inquiry price, and an increase of 270 yuan/ton from the previous month’s bidding price, and the bidding volume was 24,400 tons.The specific price-volume relationship is as follows:

2、Price Quotation(manganese ore)

(1)The northern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore 46%

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Dec.7th

34.5-35

34.5-35

32-32.5

29-29.5

31-31.5

28-28.5

Dec.8th

34.5-35

34.5-35

32-32.5

29-29.5

31-31.5

28-28.5

Dec.9th

34.5-35

34.5-35

32-32.5

29-29.5

31-31.5

28-28.5

Dec.10th

34.5-35

34.5-35

32-32.5

29-29.5

31-31.5

28-28.5

Dec.11th

34.5-35

34.5-35

32-32.5

29-29.5

31-31.5

28-28.5

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(2)The southern port CNY/mtu

date

Australian Manganese OreMn46%

Australian Manganese Ore(lumpy)Mn45%

Gabonese Manganese OreMn45%

Brazil manganese ore 46%

South Africa

semi-carbonate

Mn37%

South Africa

Ferro Manganese Ore 30%

Dec.7th

35-35.5

34.5-35

32-32.5

29-29.5

32-32.5

29-30

Dec.8th

35-35.5

34.5-35

32-32.5

29-29.5

32-32.5

29-30

Dec.9th

35-35.5

34.5-35

32-32.5

29-29.5

32-32.5

29-30

Dec.10th

35-35.5

34.5-35

32-32.5

29-29.5

32-32.5

29-30

Dec.11th

35-35.5

34.5-35

32-32.5

29-29.5

32-32.5

29-30

【Manganese Ore】:Due to the long-term cost upside down, the miners are not in the mood to further cut prices and sell goods, and most of them are willing to pay more. The acceptance of high-priced goods is quite ordinary, and the port inventory remains high. Both the rise and fall of current manganese ore prices are difficult. The short-term manganese ore prices are mainly stable. .

3、Quotation of Mainstream Mines

Mine

Specs

October

November

December

Next

January

Next

February

South32 

Semi-carbonate

4.35

4.35

3.9

3.8

 

Australian Manganese Ore45%

4.5

4.55

4.25

4.25

 

Australian Manganese Ore(lumpy) 46%

 

4.31

4.03

4.03

 

UMK

South Africa

Manganese Ore36%

4.5

4.33

4.05

 

3.69

Comilog   

Gabonese Manganese OreMn44.5%

4.3

4.3

3.95

3.95

 

Gabon SeedMn43%

4.05

4.05

3.7

3.7

 

Tshipi

South Africa Semi Carbonated Manganese Ore36.5%

4.45

4.1

3.85

 

 

South Africa Manganese Ore fines34.5-35%

 

3.6

3.35

 

 

South Africa Semi Carbonated Manganese Ore30.5%

3.9

3.6

 

 

 

4、Port inventory of Manganese ore

As of December 14, 2020, the total inventory of manganese ore in Tianjin Port was 5.59 million tons.

(Among them: bulk cargo-5.44 million tons and containers -150,000 tons)

Arrivals this week: 161666 tons (12.4-12.11)

Name

Inventory (Ten thousand tons)

South Africa

308

Gabon

90.6

Australia

66.6

Brazil

33.5

The ivory coast

16.2

Malaysia

10.7

Ghana

18.

 

 

 

 

 

 

 

 

 

 

 

 

 

In Summary: At present, there are positive factors.The silicomanganese alloy market may continue to operate smoothly, and the possibility of price fluctuations is not ruled out. As for the future trend, it is necessary to pay close attention to changes in supply and demand relations, raw material price trends, futures performance, and Ningxia regional restrictions Related factors such as the latest developments in production.

  • [Editor:zhaozihao]

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